ShippingWatch

Clarksons Platou: Shipping shares take new beating in 2016

Shipping shares have lost 28 percent of their value so far in 2016 compared to the market average. Carriers which have invested in large LPG vessels took an especially big dive, while dry bulk carriers are also hit hard.

Photo: Dorian LPG

Shipping shares across the various sectors have lost an average 28 percent of their market value during 2016 compared to other industries.

And the development was especially driven by carriers which have invested in VLGCs, Very Large Gas Carriers, while the leading S&P 500 index of the premier US shares has increased eight percent since January 1st this year, according to a survey published by Clarksons Platou.

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